Australia recorded a government budget surplus of 4749 AUD Million in November of 2019. Government Budget Value in Australia averaged -587.37 AUD Million from 1973 until 2019, reaching an all time high of 14307 AUD Million in April of 2007 and a record low of -23705 AUD Million in June of 2012. source: Reserve Bank of Australia

Government Budget Value in Australia is expected to be -1555.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Australia to stand at -1027.00 in 12 months time. In the long-term, the Australia Government Budget Value is projected to trend around -229.00 AUD Million in 2020, according to our econometric models.

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Australia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
4749.00 1676.00 14307.00 -23705.00 1973 - 2019 AUD Million Monthly
Current Prices, NSA

Australia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.70 40.70 9.70 percent [+]
Government Budget -0.60 -1.90 2.20 -4.20 percent of GDP [+]
Government Budget Value 4749.00 1676.00 14307.00 -23705.00 AUD Million [+]
Government Spending 93553.00 92736.00 93553.00 9505.00 AUD Million [+]
Government Revenues 44122.00 44330.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 39373.00 42654.00 47824.00 790.00 AUD Million [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Credit Rating 100.00 [+]
Government Debt 401749.00 399059.00 401749.00 -50019.00 AUD Million [+]
Asylum Applications 1724.00 1731.00 5937.00 222.00 Persons [+]